HSBC UK Premier Bank Account

Every condition

Each one in plain words, with the part of HSBC Premier’s terms it comes from.

• Full switch with the Current Account Switch Service Up to you later

  What’s this?

  The Current Account Switch Service is the free, guaranteed way UK banks move your balance, Direct Debits and standing orders to a new account and close the old one. The switch completes on the date you agree, at least 7 working days after you ask.

  The account you switch from can’t be with HSBC UK or first direct.
  In the terms: How do I qualify: a full switch using CASS
• Joint accountsThe terms don’t say whether a joint account qualifies. Ask the bank first.
• The switch must complete within 90 days of opening the account The banks’ side
  In the terms: How do I qualify: within 90 days of account opening
• Have a salary of at least £5,100 paid in within 90 days of opening the account Up to you laterIt has to be salary: moving your own money in doesn’t count.
  In the terms: How do I qualify: an individual annual salary of £100,000+, at least one £5,100 monthly deposit
• Do you have an individual income of at least £100,000 a year to pay into HSBC UK, or at least £100,000 in savings or investments with HSBC UK? Check before you apply
  In the terms: What is the offer: an annual personal salary of £100,000+ paid in, or £100,000 or more in savings and investments with HSBC UK (Premier page: the same thresholds for the account)
• No HSBC UK or first direct current account since 1 Jan 2025 Check before you apply
  In the terms: You don’t qualify if: an existing HSBC UK or first direct current account holder, or held one on or after 1 January 2025

Only HSBC Premier can check: Not if you qualify for Premier only as an HSBC staff member. HSBC checks Premier eligibility, and you must keep meeting it to keep the account.